PHILADELPHIA & NEW YORK & LOS ANGELES–(BUSINESS WIRE)–Lovell Minnick Partners, a private equity firm investing in growth-oriented companies, announces the promotions of Spencer Hurst to Principal and Mark Adelman to Vice President of Operations.
“We are thrilled to announce the promotions of Spencer Hurst and Mark Adelman, whose contributions to the Firm have been instrumental to LMP’s continued growth and success,” said Bob Belke, Managing Partner at LMP. “Their hard work and dedication play a critical role in navigating an ever-changing investing landscape, and we are honored to recognize them for their efforts,” added Steve Pierson, Managing Partner at LMP.
Mr. Hurst, most recently a Vice President with the Firm, joined LMP in 2016. He has successfully contributed to a variety of investments including Fortis, National Auto Care, Foreside, Billhighway, LSQ, ACU-Serve and Definiti. Prior to LMP, Mr. Hurst was an investment banking Associate at Keefe, Bruyette & Woods. Mr. Hurst received a Bachelor of Arts in Economics, Cum Laude, from Middlebury College.
Mr. Adelman joined LMP in 2018. He leads data & analytics, strategic technology, and portfolio monitoring for the Firm, while also being highly involved in business development, corporate development, investor & public relations, HR & training, cybersecurity/IT, and other initiatives. Mr. Adelman is also a member of the Firm’s ESG and Business Development committees. Prior to LMP, Mr. Adelman was an Investment Analyst with Hamilton Lane’s Fund Investment group, and previously worked at Archer as an Operations Specialist. Mr. Adelman received a Bachelor of Arts in Economics from Franklin & Marshall College.
Lovell Minnick Partners is a private equity firm with a 25-year track record of partnering with growth-oriented companies. We leverage our deep sector experience and broad network of strategic advisors to help founders scale their companies at an accelerated pace. LMP collaborates with management teams to achieve long-term success and value creation through organic growth and strategic acquisitions. Since our inception in 1999, we have raised over $4.75 billion of committed capital, invested in over 50 unique platform companies, and completed over 175 add-on acquisitions. LMP targets growth-oriented, middle-market companies, with a particular focus on companies in the financial services, business services, and financial technology sectors.